Fashion
US’ Gildan Q3 net sales hit record $911 mn on strong Activewear demand
“We were pleased with this quarter’s results as we continue to drive profitable growth, supported by strong net sales growth in Activewear which allowed us to deliver record adjusted diluted EPS. Our record-setting third quarter results once again showcase the effectiveness of the Gildan Sustainable Growth (GSG) strategy to drive strong financial performance, and we’re excited about the next phase of our growth journey,” said Glenn J Chamandy president and CEO at Gildan.
Gildan Activewear has reported record Q3 2025 results with net sales of $911 million, up 2.2 per cent, and adjusted diluted EPS rising 17.6 per cent to $1.
Activewear sales grew 5.4 per cent, driving a record adjusted operating margin of 23.2 per cent.
CEO Chamandy highlighted strong execution under the GSG strategy.
The firm reaffirmed 2025 guidance and expects to close its HanesBrands merger soon.
Activewear sales rose 5.4 per cent to $831 million, driven by favourable product mix, higher prices, and strong North American demand, while Hosiery and underwear sales fell 22.1 per cent to $80 million due to lower volumes and shipment timing. International sales decreased 6.1 per cent to $60 million amid market softness. Gross profit improved to $307 million, or 33.7 per cent of sales, supported by lower manufacturing costs and favourable pricing to offset tariff impacts, Gildan said in a press release.
The operating income stood at $192 million (21.1 per cent margin), with adjusted operating income up $12 million YoY to $212 million. Net financial expenses rose to $44 million due to financing fees related to the proposed HanesBrands acquisition, expected to close later in 2025 or early 2026.
GAAP diluted earnings per share (EPS) was $0.8, while adjusted diluted EPS rose 17.6 per cent to $1. For the first nine months of 2025, Gildan recorded $2.54 billion in net sales, $818 million in gross profit, and $556 million in adjusted operating income. The company also generated $200 million in Q3 free cash flow and $189 million year-to-date.
Meanwhile, Gildan expects mid-single-digit full-year revenue growth, an adjusted operating margin up by 70 basis points, and adjusted diluted EPS between $3.45 and $3.51—a YoY increase of 15–17 per cent. Capital expenditure is forecast at 4 per cent of sales, with free cash flow around $400 million.
“Delivering another strong quarter despite a fluid macroeconomic environment and softer demand highlights our commitment to the GSG strategy. Our vertically integrated business model and strong positioning should continue to support robust financial performance,” added Chamandy.
Fibre2Fashion News Desk (SG)
Fashion
BRC calls for retailer collaboration on net zero emissions
Its new UK Retail 2025 Net Zero Stocktake report uses improved real-world data to assess industry progress, challenges and priorities on the path to net zero.
Using improved data quality and broader coverage, the report provides a clearer picture of industry emissions. The accompanying survey shows strong progress, with 91 per cent of retailers having established and publicly reported GHG baselines, four in five fleet drivers trained in fuel efficiency programmes, and 90 per cent of new retail buildings using LED lighting.
The British Retail Consortium (BRC) has urged retailers to strengthen collaboration across the value chain to tackle scope 3 emissions from supply chains and customer use.
Its new UK Retail 2025 Net Zero Stocktake report uses improved real-world data to assess progress, barriers and priorities for the retail industry’s transition toward net zero.
Yet with over 93 per cent of retail emissions falling outside of direct control, substantive industry progress depends on joined-up retailer collaboration to influence global suppliers into action, British consumers toward large-scale behaviour change, and UK government into supportive policy.
The report shows that only a third (30 per cent) of the very biggest suppliers provide GHG emissions data and 70 per cent of products do not have information for consumers on responsible sourcing.
Progress in these areas has been held up by systemic challenges, including policy uncertainty, supply chain complexity, financial pressures, and technological limitations.
The BRC will continue to support retailers to deliver the transformative change needed by convening cross-industry stakeholders, continuing to track annual progress, and shaping policy to unlock investment and drive momentum.
“In 2020, we launched the Climate Action Roadmap to set the ambition for UK retail to reach net zero by 2040. Five years on, we must use the takeaways from this report to drive the industry from collective ambition to a step change in collaborative action. The climate emergency is no longer tomorrow’s problem. It is here today; disrupting supply chains, driving shortages, increasing costs for households – and threatening the long-term stability and resilience of UK retail. Climate change is a very real risk to businesses and the consequences of inaction are simply too big to ignore. We need more radical collaboration between companies to bring down emissions and step up the drive to net zero,” Helen Dickinson, CEO of the BRC, said.
Fibre2Fashion News Desk (RR)
Fashion
South Indian cotton yarn supported by higher fibre, Tiruppur prices up
The Tiruppur market recorded a price rise of ****;*–* per kg as mills attempted to pass on higher cotton costs, although local demand remained weak. A trader from Tiruppur told Fibre*Fashion, “Tamil Nadu and other states’ spinning mills are raising prices to cover higher cotton costs. They want to increase prices by *–* per cent to fully offset rising production costs, but domestic consumer industry support is lacking. Summer demand is unlikely to pick up before January. The weakening rupee against the US dollar has also provided relief, as mills can compete better in export markets.”
In Tiruppur, knitting cotton yarn prices were noted as ** count combed cotton yarn at ****;***–*** (~$*.**–*.**) per kg (excluding GST), ** count combed cotton yarn at ****;***–*** (~$*.**–*.**) per kg, ** count combed cotton yarn at ****;***–*** (~$*.**–*.**) per kg, ** count carded cotton yarn at ****;***–*** (~$*.**–*.**) per kg, ** count carded cotton yarn at ****;***–*** (~$*.**–*.**) per kg and ** count carded cotton yarn at ****;***–*** (~$*.**–*.**) per kg.
Fashion
Pat McGrath Labs explores asset sale
Published
December 21, 2025
Pat McGrath Labs is undergoing a restructuring and recapitalisation process, according to multiple reports.
As part of the process, the company is reviewing its assets, with some — including its trademark and logo — potentially set to be sold through a formal sale process. Bids are due by January 26, with an auction scheduled for the following day. The process is being managed by U.S.-based financial services firm Hilco Global.
Founded by British makeup artist Dame Pat McGrath, the brand celebrated its 10th anniversary in October. Pat McGrath Labs rose rapidly following its launch and reached unicorn status in 2018 after securing an investment from Eurazeo that valued the company at more than $1 billion.
In recent years, however, the brand has faced operational challenges, alongside executive turnover and layoffs, and its valuation is now widely reported to be a fraction of its former peak.
The development comes just one year after McGrath was named creative director of Louis Vuitton’s debut makeup line, La Beauté, which launched this summer.
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